The Coronavirus outbreak has absolutely demolished air traffic, and airline stocks with it, over the past month. Nearly every airline across America and Europe is cutting flight volumes by double digits, compounding flight and route cancellations brough on earlier in 2019 and early 2020 by the ongoing grounding of the 737 MAX. Though Coronavirus has managed to obscure Boeing’s troubles with its MAX jet from the headlines, the latter issue is likely to be the longer-term issue for the company and the airlines it supplies alike. Both will almost certainly receive billions in stimulus from the government to hold them over through the Coronavirus crisis, but it’s now been a whole year since the 737 MAX has flown, and guidance on when it could return still appears marred by uncertainty and an ongoing lack of transparency.
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